Global Payments (GPN) 11/20/09 PriceWatch Alert Up To 14.04% Downside Protection
Posted: Friday, November 20, 2009 8:13 AM EDT
By: Market Intelligence Center Staff
Global Payments (NYSE: GPN) closed yesterday at $49.84. So far the stock has hit a 52-week low of $27.48 and 52-week high of $54.34. Global Payments stock has been showing support around 48.52 and resistance in the 52.26 range. Technical indicators for the stock are Bullish and S&P gives GPN a very positive 5 STAR (out of 5) strong buy rating. GPN appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a May '10 45 covered call (GPN EI) for a net debit in the $42.84 area. That is also the break even stock price for this trade. This covered call has an 183 day duration, provides 14.04% downside protection and a 5.04% assigned return rate for a 10.06% annualized return rate (comparison purposes only). Global Payments has a current annual dividend yield of 0.15%. [FBB-Seven Summits Research]
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